Under the oversight of the Audit Committee, our internal audit function provides independent and objective assurance to evaluate and improve the effectiveness of risk management, control and governance processes.
Our internal audit function is aligned to the Institute of Internal Auditors' International Professional Practices Framework as confirmed by an independent quality assurance review, which is performed on the function at least once every five years.
This year, 46 internal audit reports were tabled. These reports contained 77 recommendations to improve our governance, risk management and controls. This is a decrease of 33 recommendations from the previous year. In addition the function reviewed the evidence to support the closure of 161 external scrutineer and internal audit recommendations during the year, including those carried over from previous years.